Baader Bank Aktiengesellschaft Sells 181 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Baader Bank Aktiengesellschaft trimmed its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,048 shares of the basic materials company’s stock after selling 181 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Air Products and Chemicals were worth $2,960,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dodge & Cox raised its holdings in Air Products and Chemicals by 1.0% in the fourth quarter. Dodge & Cox now owns 6,663,154 shares of the basic materials company’s stock worth $1,932,581,000 after purchasing an additional 64,960 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Air Products and Chemicals by 129.4% in the 4th quarter. Bank of America Corp DE now owns 5,429,147 shares of the basic materials company’s stock worth $1,574,670,000 after acquiring an additional 3,062,157 shares in the last quarter. Geode Capital Management LLC lifted its position in Air Products and Chemicals by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,931,661 shares of the basic materials company’s stock valued at $1,430,354,000 after acquiring an additional 57,314 shares during the period. Mantle Ridge LP bought a new stake in Air Products and Chemicals during the fourth quarter worth about $1,191,344,000. Finally, Northern Trust Corp boosted its stake in Air Products and Chemicals by 4.6% during the fourth quarter. Northern Trust Corp now owns 3,583,156 shares of the basic materials company’s stock worth $1,039,259,000 after acquiring an additional 156,419 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Down 0.1%

APD stock opened at $295.23 on Wednesday. The business’s 50-day moving average is $284.02 and its two-hundred day moving average is $290.75. The company has a market cap of $65.70 billion, a price-to-earnings ratio of 42.91, a P/E/G ratio of 5.67 and a beta of 0.85. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.00.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.94 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 12.76%. Air Products and Chemicals’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 EPS. As a group, analysts forecast that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Wednesday, October 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.43%. Air Products and Chemicals’s dividend payout ratio (DPR) is 104.07%.

Analyst Upgrades and Downgrades

APD has been the topic of a number of analyst reports. Royal Bank Of Canada assumed coverage on Air Products and Chemicals in a research report on Friday, June 13th. They issued an “outperform” rating and a $355.00 price target on the stock. Mizuho boosted their target price on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Wells Fargo & Company raised their price target on Air Products and Chemicals from $320.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, July 14th. UBS Group upped their price target on shares of Air Products and Chemicals from $328.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Bank of America lowered shares of Air Products and Chemicals from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $330.00 to $282.00 in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $334.75.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.